How to Make Money Online 2018 – 8 Ways to Generate Income Online

As we’ve been saying for years, the secret to success online is to find a profitable niche and build a following. While there are several ways to make money online, the majority of strategies require you to build a following first. Only then can you make money online from advertisers. Otherwise, you’re just competing for eyeballs with every other online entrepreneur.

Here’s a breakdown of the various ways you can make money online, and how much effort each one requires. We’ll discuss the various types of income along with the advantages and disadvantages of each method.

1. Product Reviews

This type of online selling involves giving a fair and honest review of a product you’ve tried out. Usually, you’ll find yourself reviewing products related to your niche, like books, courses, software, etc. There are several review sites where you can do this, like [Amazon] and [eBay]. If you’re just getting started, it’s best to select your niche and build your audience with content like product reviews before you try to sell affiliate products. Review sites can be quite profitable, but mostly, they’re used to build credibility and gain experience. The good thing about reviews is they’re quite SEO friendly, so it’s easy to get traffic from organic search even when you’re new to the game.

2. Affiliate Marketing

This is when you’ll be gaining a following (typically a sizeable one) by marketing someone else’s products or services. As an affiliate marketer, you’ll be earning a commission when someone clicks a link or buys a product that’s promoted on your blog or social media accounts. Most people confuse affiliate marketing with product reviews, but they’re two different things. With product reviews, you’re usually assessing the product itself while in affiliate marketing, you’ll be promoting a brand or a company’s products. You don’t necessarily need a product to do affiliate marketing: you can create a blog that shares the products or services of brands and companies, and you’ll be able to generate sales from affiliate links on your site. For example, if you love to cook and you’ve created a blog around food, you can share recipes and get paid when people click a link or make a purchase from a brand or company associated with the recipe you shared.

3. Blogging

Creating a blog isn’t as easy as it seems. You need an audience to start being able to monetize your blog, and you’ll need to make sure you have a following before you try to get paid to blog. Once you have a following, you can use your blog to promote products relevant to your niche and monetize it using a variety of methods. Some of the more popular ones are:

  • Affiliate marketing
  • Product reviews
  • Pricing analysis
  • Video tutorials
  • Guest blogging
  • And the list goes on

Blogs can be quite the competitive space, so it’s important to establish yourself as an authority in your niche field before you begin to monetize your blog. Try to build a sizeable audience and then use your blog to teach people about your niche, and how to perform certain tasks or follow certain procedures. If you can become the go-to source for information on your niche, you’ll be able to generate a steady stream of income from affiliate sales.

4. Start A Blog On A Personal Website

Blogs are great because they are a steady source of income streams. However, you can create even more lucrative opportunities by creating your own personal website. When you do this, you’ll be able to post content whenever you want, and generate income from ads on your site, affiliate sales, and even some paid blogging opportunities. You’ll be able to choose your niche, the types of posts you’ll write, and the pricing for these posts. Once you’re established, it’s fairly easy to get paid to blog. You’ll simply need to find relevant and interesting topics to write about, and then use a free blogging tool like WordPress to create your blog.

5. Create And Sell Your Own Products

If you’re an expert in your niche, you might consider creating your own products related to your area of expertise. You can use a tool like [Amazon] to seamlessly sell and distribute your products. All you need is a niche (like fitness equipment for example), a logo, a website, and you’re good to go.

Creating and selling your own products can be quite successful as long as you position yourself as an expert in your field. People love to buy products from people they know and trust, so make sure you build a reputation for trustworthiness before you begin to sell your own products. If you’re new to the game, it might be best to find your own niche within a large category like fitness or clothing, as opposed to trying to be the go-to source for information on your particular topic. Once you’re established, it’s fairly easy to get paid for products you’ve created. All you need is a reliable sales channel like Amazon where you can put your product details and pricing. And of course, you’ll need to create your product based on something that people want or need.

6. Start A Podcast

Podcasts can be quite lucrative, as they are usually available for free and people love to listen to them. To start a podcast, you’ll need to have a microphone and some software to edit audio files. Once you have these items, simply find a relevant topic for your podcast, like financial planning for millennials for example, and you’re good to go.

Podcasts can be quite versatile when it comes to monetization, as you can do several things with them: you can give tips and advice on your podcast, interview famous people, or even just have fun and share some jokes.

Creating a podcast is quite easy, and it doesn’t necessarily take a lot of money or resources to do so. For instance, if you’re looking to monetize a blog or website, you can try to find relevant and interesting topics for a podcast, and then use a free tool like Hootsuite to find and monitor relevant podcasts. You can then simply repurpose and rebrand existing content like blog posts or infographics as an episode of your podcast.

7. Start An Online Store

If you’re looking to create a passive income source, setting up an online store might be a good option. To do this, you’ll need a product to sell, a website, and a payment processor like Stripe or PayPal to take credit cards. Then, all you need to do is create a store page on your website, add your products, and begin taking orders. You’ll need to deal with shipping and customer service, but other than that, you can sit back and enjoy your new source of passive income.

There are several ways to monetize an online store. You can use any of the methods discussed above to promote your products, you can create special deals and discounts for fans, and you can even use your store to host webinars and live chats with prominent individuals in your niche.

8. Sign Up For A Product-Review Webinar

Product-review webinars are quite possibly the best way to make money online. Essentially, you’ll be giving a review of a product you’ve purchased or are planning to purchase. You’ll typically be asked to discuss the pros and cons of the product, and provide advice on whether or not it’s a good fit for your needs. You’ll then need to share specific examples of how the product has benefitted or hindered you in your daily life. Finally, you’ll be asked to promote some products or services that you believe are valuable to your target audience. You’ll be able to choose how much you want to charge for this service, and once you reach a certain threshold, you’ll be paid via PayPal.

This method is quite similar to getting paid to blog, except you’ll be doing so for free, and with more consistency. Product-review webinars can be quite lucrative, as you’ll usually be asked to provide a detailed review of a product or service that is already known to be credible and valuable within the niche. It’s quite an easy way to make money, and it also allows you to work remotely, which is quite valuable if you’re looking to decrease your stress levels.

Creating a steady stream of income isn’t impossible. It just takes a bit of research, and the willingness to try new things. If you’re looking for a way to make money, whether it’s a full-time income or just something to supplement your current earnings, the options above should help you out.